Deutsche Bank exit prompts unit merger
09 September 2015 London
Image: Shutterstock
Deutsche Bank has merged its listed derivatives and markets clearing department into its prime services unit, which manages the bank’s securities lending services for borrowers.
Responsibility for the combined departments will come under the remit of the bank’s existing global head of prime services, Dixit Joshi.
The move was prompted by the imminent departure of Michelle Neal, the global head of listen derivatives, markets clearing and fixed income market structure, who will move to BNY Mellon in November.
Deutsche Bank declined to comment on the decision.
Responsibility for the combined departments will come under the remit of the bank’s existing global head of prime services, Dixit Joshi.
The move was prompted by the imminent departure of Michelle Neal, the global head of listen derivatives, markets clearing and fixed income market structure, who will move to BNY Mellon in November.
Deutsche Bank declined to comment on the decision.
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